Old Republic International Corporation (ORI) : Traders are bullish on Old Republic International Corporation (ORI) as it has outperformed the S&P 500 by a margin of 0.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.99%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.62% in the last 1 week, and is up 6.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Old Republic International Corporation (NYSE:ORI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.70 and $19.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.98, notching a gain of 1.37% for the day. The total traded volume was 1,636,592 . The stock had closed at $19.71 on the previous day.
The stock has recorded a 20-day Moving Average of 3.88% and the 50-Day Moving Average is 5.13%. Old Republic International Corporation is up 10.62% in the last 3-month period. Year-to-Date the stock performance stands at 9.45%.
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through a number of regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group; Title Insurance Group, and the Republic Financial Indemnity Group (RFIG) Run-off Business. General Insurance segment is a commercial lines insurance business with a focus on liability insurance coverages. These coverages are provided to businesses, Government and other institutions. Title Insurance Groups business consists of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. RFIG run-off business consists of its mortgage guaranty and CCI operations.